Toronto, Ontario--(Newsfile Corp. - April 18, 2022) - WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") today announced that it has entered into a definitive agreement to acquire Coinberry Limited ("Coinberry"), one of Canada's leading crypto asset trading platforms and Canada's first pure-play licensed crypto broker. The announcement of the proposed acquisition comes shortly after the March 24th closing of WonderFi's acquisition of Bitbuy, Canada's first licensed crypto marketplace.
The transaction is valued at approximately $38.3 million in an all-stock deal and is expected to close in Q2 2022.
"This acquisition further establishes WonderFi as a leader amongst crypto companies in Canada, and along with our acquisition of Bitbuy, establishes a great framework for our expansion into global markets in 2022" commented Ben Samaroo, CEO of WonderFi. "As we continue our consolidation of leading licensed crypto platforms, our user count, revenue and pool of talent continues to grow."
On closing of the acquisition, WonderFi will house one of the largest communities of Web3 users in Canada with over 750,000 users, and will be Canada's largest employer of crypto-industry professionals with over 180 staff.
Coinberry was founded in 2017 and has become one of Canada's leading crypto trading platforms with over $1 billion transacted to date. Coinberry currently features 29 of the top cryptocurrency trading pairs and...
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